Falkland Islands Oil: Inside the Sea Lion Deal and Who Really Benefits

Falkland Islands Oil: Inside the Sea Lion Deal and Who Really Benefits

Roughly 3,700 people live on the Falkland Islands, a windswept British Overseas Territory in the South Atlantic best known for its sheep, squid fisheries, and a brief but fierce war in 1982. By 2028, those same 3,700 people will begin receiving a cut of one of the largest deepwater oil developments outside Brazil, the Sea Lion field, holding an estimated 917 million barrels of recoverable oil. The project is expected to generate around £4 billio…